2 hrs ago

SEBI Clears Four IPO Proposals, Including Carlsberg India

IPO News: 4 companies, including Carlsberg beer, get nod from SEBI —what is the issue size for each? · livemint.com

Four companies received permission to continue preparing for stock-market listings.

The companies are Carlsberg India, TMC Transformers, Ujin Pharma and Matangi Rubber.

SEBI gave them regulatory observations between 28 September and 1 October.

TMC Transformers plans to raise ₹550 crore by selling new shares.

It will use much of the money to build a transformer factory in Gujarat.

Ujin Pharma plans to sell both new shares and shares held by some promoters.

The article does not give the total money to be raised by Carlsberg India, Ujin Pharma or Matangi Rubber.

SEBI's observations do not mean the IPOs will open immediately.

Key facts

Companies cleared: Carlsberg India, TMC Transformers, Ujin Pharma and Matangi Rubber
Regulatory body: Securities and Exchange Board of India (SEBI)
TMC issue size: ₹550 crore, entirely a fresh issue
TMC planned use: Capital expenditure for a greenfield Extra High Voltage transformer facility at Halol, Gujarat
Ujin fresh issue: 1.18 crore equity shares
Ujin offer for sale: 72.82 lakh shares sold by promoters Jinesh Rasiklal Sheth and Umang Ketan Mehta
Other disclosed issue sizes: The article does not state monetary issue sizes for Carlsberg India, Ujin Pharma or Matangi Rubber.

livemint.com · 2 hrs ago